Skip to main content

LUP Student Papers

LUND UNIVERSITY LIBRARIES

Value Creation in M&As in Sweden - Is the Stock Market Able to Predict Customer Reactions?

Bahtiri, Besnike and Stigborn, Amelie (2011)
Department of Business Administration
Abstract
Title: Value Creation in M&As in Sweden - Is the Stock Market able to Predict Customer Reactions?
Seminar date: 2011-05-31
Course: BUSM36, Degree Project Master level in Corporate and Financial Management, Business Administration Master level, 15 University Credit Points (15 ECTS)
Authors: Besnike Bahtiri and Ammeli Stigborn
Advisor: Rikard Larsson
Five key words: M&As, Sweden, customer reactions, post-acquisition share price, event study. Purpose: This study evaluates whether the stock market is able to predict the post-acquisition reactions of the business market (customers).
Methodology: Quantitative method combined with an event study, using multiple regression analysis.
Theoretical Perspectives: Our hypotheses are mainly based on... (More)
Title: Value Creation in M&As in Sweden - Is the Stock Market able to Predict Customer Reactions?
Seminar date: 2011-05-31
Course: BUSM36, Degree Project Master level in Corporate and Financial Management, Business Administration Master level, 15 University Credit Points (15 ECTS)
Authors: Besnike Bahtiri and Ammeli Stigborn
Advisor: Rikard Larsson
Five key words: M&As, Sweden, customer reactions, post-acquisition share price, event study. Purpose: This study evaluates whether the stock market is able to predict the post-acquisition reactions of the business market (customers).
Methodology: Quantitative method combined with an event study, using multiple regression analysis.
Theoretical Perspectives: Our hypotheses are mainly based on theory regarding stock market and business market reactions following M&As. Moreover, we cover combination potential, cross-border M&As, relative size and acquisition experience. Lastly, we theorize the connection between stock market reactions versus business market reactions to every explanatory variable.
Empirical foundation: 176 M&As that occurred between 1990 and 2007 and where the acquiring firm is Swedish. Conclusions: We are not able to prove that the stock market is able to predict the actions of customers; however, we recognize some relationships and trends regarding share price changes versus combination potential and M&A experience. Moreover, we also illustrate that there seems to be a trend between customer reactions and combination potential, cross-border M&As versus M&A experience. (Less)
Please use this url to cite or link to this publication:
author
Bahtiri, Besnike and Stigborn, Amelie
supervisor
organization
year
type
H1 - Master's Degree (One Year)
subject
keywords
M&As, Sweden, customer reactions, post-acquisition share price, event study, Management of enterprises, Företagsledning, management
language
Swedish
id
2061531
date added to LUP
2011-05-31 00:00:00
date last changed
2012-04-02 18:55:26
@misc{2061531,
  abstract     = {{Title: Value Creation in M&As in Sweden - Is the Stock Market able to Predict Customer Reactions?
Seminar date: 2011-05-31
Course: BUSM36, Degree Project Master level in Corporate and Financial Management, Business Administration Master level, 15 University Credit Points (15 ECTS)
Authors: Besnike Bahtiri and Ammeli Stigborn
Advisor: Rikard Larsson
Five key words: M&As, Sweden, customer reactions, post-acquisition share price, event study. Purpose: This study evaluates whether the stock market is able to predict the post-acquisition reactions of the business market (customers).
Methodology: Quantitative method combined with an event study, using multiple regression analysis.
Theoretical Perspectives: Our hypotheses are mainly based on theory regarding stock market and business market reactions following M&As. Moreover, we cover combination potential, cross-border M&As, relative size and acquisition experience. Lastly, we theorize the connection between stock market reactions versus business market reactions to every explanatory variable.
Empirical foundation: 176 M&As that occurred between 1990 and 2007 and where the acquiring firm is Swedish. Conclusions: We are not able to prove that the stock market is able to predict the actions of customers; however, we recognize some relationships and trends regarding share price changes versus combination potential and M&A experience. Moreover, we also illustrate that there seems to be a trend between customer reactions and combination potential, cross-border M&As versus M&A experience.}},
  author       = {{Bahtiri, Besnike and Stigborn, Amelie}},
  language     = {{swe}},
  note         = {{Student Paper}},
  title        = {{Value Creation in M&As in Sweden - Is the Stock Market Able to Predict Customer Reactions?}},
  year         = {{2011}},
}